Michigan Soccer Association (EIN 382557680) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

Nick Radu

Phone

2485149719

Tax Period

2024-01-01 to 2024-12-31

Michigan Soccer Association, founded in 1952, is a small nonprofit in the Recreation & Sports sector that reported $123K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $21K, a strong 17% operating margin.

Mission

To promote adult soccer in the lower peninsula of the State of Michigan, as well as to provide the continuing development of soccer players, coaches, referees, and administrators.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $111,725

Investment Income $11,316

Other Revenue $0

TOTAL REVENUE $123,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $101,789

TOTAL EXPENSES $101,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,041	$130,803	-0.1%
Expenses	$101,789	$119,346	-0.1%
Net Income	$21,252	$11,457	+0.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Gerhard Mengel	Director	Director	$0	$0	$0
Nick Radu	President Emeritus	Officer	$0	$0	$0
David Altesleben	President	Officer	$0	$0	$0
Micheal Brennan	Treasurer	Officer	$0	$0	$0
Elma Riley	Vice President	Officer	$0	$0	$0
Diane Pugliese	Director	Director	$0	$0	$0
Michael Walters	Registrar	Director	$0	$0	$0
Carlos Folino	Director	Director	$0	$0	$0
Rick Cook	Director	Director	$0	$0	$0
Ryan Okerstrom	Director	Director	$0	$0	$0
Craig Beebe	Director	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$123,041	$101,789	$276,932	$21,252
2023	$130,803	$119,346	$255,680	$11,457
2022	$133,938	$134,125	$244,223	$-187
2021	$120,784	$142,150	$263,331	$-21,366
2020	$56,375	$150,869	$284,697	$-94,494

Michigan Soccer Association